The recent “tax reform” passed by the Maine state legislature, and signed by the governor made quite a splash. Even the Wall Street journal weighed in.
But there are those who disagree that this tax reform is a useful solution to Maine’s oppressive tax burden. The Republican Party in Maine is running a people’s veto against the reform (wonder where they got that idea).
And yesterday, Scott Moody, chief economist at The Maine Heritage Policy Center, released a research paper stating that the tax reform “It is a patchwork of increases, decreases, add-ins, and phase-outs that resembles a ‘Frankenstein Monster”.